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Office of Real Estate and Development outlines portfolio management, conveyance review and appraisal process changes
Summary
The Office of Real Estate and Development described management of roughly 5,000 county properties, 300 active leases and steps to speed appraisals and standardize real-estate processes; the office requested regulatory modifications for property disposition.
Alejandro Martinez Estevay, assistant director for the Office of Real Estate and Development, presented the office’s portfolio approach on May 15 and outlined steps to speed appraisals, standardize documents and improve conveyance oversight.
Martinez Estevay said the office manages nearly 5,000 properties and about 300 active leases and oversees project portfolios that include approximately 200 active projects with an estimated value of $850 million. He described work to reduce appraisal turnaround times, standardize real-estate documents and lead cooperative efforts across county departments to remove silos and ensure consistent application of real-estate practices.
The office highlighted a property-conveyance assessment team and said it will deliver quarterly reports to the board on conveyances and leases in default, including efforts to recover property-tax monies and potential reversions of properties to county ownership when appropriate. Martinez Estevay also referenced the West Dade Government Center (the 9,250 project) as an example of mixed-use planning where surplus parking could be repurposed for workforce housing.
He asked the board to consider modifications to current disposition regulations where processes impede timely or transparent action, and said his office will continue coordinating with district commissioners during negotiations and appraisals.
Ending: The office will continue process reviews and monthly/quarterly reporting and requested board support for regulatory changes to enable more efficient disposition and development of county-owned assets.
